According to analysis, Disney is losing $30 million per day, which means almost a billion per month. It is the huge loss that The Walt Disney company is facing during this pandemic situation and it is costing a lot to this Disney Company.
Despite the success of Disney+ that in less than 6 months reached more than 50 million users worldwide, the company’s income depends on different entertainment industries that have been dramatically afflicted by the COVID-9 emergency: without sports, cruises and amusement parks, Disney is struggling with an unprecedented crisis.
In 2019 Disney was at its best: it gained 1/3 of all the American cinematographic incomes with movies as Avengers: Endgame, Aladdin live-action and Stars War: In the past years, the company invested billions in purchasing many other rival companies like Marvel and Lucas Film. Of course, the forced stop of its Studios does take a toll, since the company is now struggling with as streaming service for which it can’t produce any new content, but there is a lot more than cinema beyond Disney. The biggest part of its incomes, in fact depends on tourism and sports.
Since the beginning of the pandemic, Disney was forced to close all the 14 theme parks that usually welcomed almost 157 million people every year: on the same spot, it had to stop all its cruise ships and the private island in the Caribbeans ,as well as the construction sites for the second one that was already costing billions.
Disney Also lost all advertising revenues. To not even mention all the hotels and multi-proprieties nor the editorial ventures or the losses in the industry of merchandising ( worth $55 billion per year).
Disney is facing the biggest crisis ever seen since its foundation. The measures to face this situation were drastic, the company blocked every production and froze thousands of employees, especially from the theme.
Finally on May 11,2020 , it re-opened Shangai’s Disney Resort and the public response was encouraging. If the situation will get worst, the company just need to keep in mind its traditional motto ‘If you can dream, it you can do it’.
For more updates, stay tuned with us. Till then goodbye. Have a nice day and stay happy and healthy.
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